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Income Tax deduction at source is assets or Liability ??

Tax Accounting
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Question added by Abid Rehman , Finance Manager , Community Motivation & Development Organization (C.M.D.O )
Date Posted: 2015/02/25
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RAJESH DESHKULKARNI GOPAL
by RAJESH DESHKULKARNI GOPAL , Group Accounts & Tax Manager , Confidential Group

It's treated as Company's Current liability.

'coz Company need to deposit with the concerned department within time-frames.

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